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Wednesday, May 29, 2019

=Veeva Systems (VEEV) reported earnings on Wed 29 May 19 (a/h)



Veeva Systems beats by $0.05, beats on revs; guides JulQ EPS above consensus, revs above consensus; guides FY20 EPS above consensus, revs above consensus
  • Reports Q1 (Apr) earnings of $0.50 per share, excluding non-recurring items, $0.05 better than the S&P Capital IQ Consensus of $0.45; revenues rose 25.2% year/year to $244.75 mln vs the $238.69 mln S&P Capital IQ Consensus.
  • Co issues upside guidance for Q2 (Jul), sees EPS of $0.48-0.49, excluding non-recurring items, vs. $0.46 S&P Capital IQ Consensus; sees Q2 revs of $259-260 mln vs. $249.7 mln S&P Capital IQ Consensus.
  • Co issues upside guidance for FY20, sees EPS of $2.01-2.03, excluding non-recurring items, vs. $1.92 S&P Capital IQ Consensus; sees FY20 revs of $1.045-1.050 bln vs. $1.03 bln S&P Capital IQ Consensus.

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